Modelling / Forecasting Senior Analyst (Quants)- 4151

TD; Canada; On-site; CAD 76,000 - 116,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Quantitative Analyst to validate Derivative Pricing and xVA valuation. The ideal candidate will have a graduate degree in a quantitative discipline and expertise in pricing theory and stochastic calculus. This role offers competitive compensation and opportunities for growth within the company.

Benefits

Health and well-being benefits

Savings and retirement programs

Career development opportunities

Qualifications

• Graduate degree in a quantitative discipline required.
• Expert knowledge of pricing theory and stochastic calculus.
• Proficient in programming languages like Python or C/C++.

Responsibilities

• Perform validations of Derivative Pricing and xVA valuation.
• Prepare validation reports outlining methodologies and assessments.
• Develop/implement validation methodologies and standards.

Skills

Expert knowledge of pricing theory

Stochastic calculus

Numerical techniques for derivative pricing

Proficient in Python or C/C++

Excellent quantitative skills

Good time management

Education

Graduate degree in a quantitative discipline: MSc, MMF or PhD

Job description

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Analytics, Insights, & Artificial Intelligence

Pay Details: 76,800 - 115,200 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based on the candidate's skills and experience, job‑related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation‑related questions and have an open dialogue with your recruiter who can provide more specific details for this role.

Job Description

The position reports to Senior Manager within MV.

Detailed accountabilities include:

• Perform independent initial and ongoing validations of Derivative Pricing and xVA valuation across TD's global trading business, with focus on equity derivatives.
• Prepare corresponding initial/ongoing validation reports outlining model assumptions, analytical methodologies and assessments, computational methods and test results.
• Develop/implement validation methodologies and standards. Ensure that the validation methodologies and standards are in line with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
• Maintain full professional knowledge of techniques and developments in the field of equity derivative pricing and share knowledge with business partners and senior management.
• The position involves working effectively with different internal partners such as Global Equity Derivatives in TDS Front Office (FO), Model Development (MD) Group, and IT support teams for MD and FO; to ensure the appropriateness and accuracy of models used by the bank.

Job Requirements

• Graduate degree in a quantitative discipline: MSc, MMF or PhD
• Expert knowledge of pricing theory, stochastic calculus and numerical techniques used in derivative pricing (PDE/trees, Monte Carlo simulation, optimization) as well as CCR/xVA modeling techniques and parameter calibration techniques.
• Proficient in relevant programming languages such as Python or C/C++ is required.
• Ability to write comprehensive technical documents is required.
• Excellent quantitative skills with background in one of the following areas: mathematics, physics, engineering, computational finance, statistics.
• Fast learner who grasps complex concepts and techniques quickly and works independently under tight deadlines.
• Good time management skills with minimal supervision.

Who We Are

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well‑being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well‑being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more.

Additional Information

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home. Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

Language Requirement (Quebec only)

Sans Objet